Jana Small Finance Bank has announced a crucial board meeting scheduled for October 9, 2023. The primary agenda for this meeting includes discussions on the potential issuance of non-convertible debentures (NCDs), along with other matters of importance.

Key Points of the Announcement

Implications of NCD Issuance

Non-convertible debentures are fixed-income debt instruments that cannot be converted into equity shares. For Jana Small Finance Bank, the potential issuance of NCDs could signify:

1. Capital Raising: An effort to raise additional capital for the bank's operations or expansion plans.
2. Debt Structuring: A strategic move to manage the bank's debt portfolio.
3. Investor Opportunity: A possible new investment avenue for interested parties looking for fixed-income securities.

It's important to note that the board meeting will only discuss the possibility of NCD issuance, and the final decision will be subject to the board's approval and market conditions.

Investors and stakeholders of Jana Small Finance Bank should keep a close watch on the outcomes of this board meeting, as it may have implications for the bank's financial strategy moving forward.

Jana Small Finance Bank Limited has announced a significant addition to its leadership team, appointing Sudhir Madhavan as President & Head Strategic Alliance, effective September 25, 2025. This move marks Madhavan's return to the bank, where he previously served from December 10, 2018, to April 30, 2025.

A Seasoned Banker Returns

Sudhir Madhavan brings over two decades of experience in the banking sector to his new role at Jana Small Finance Bank. His expertise spans retail banking, MSME, consumer portfolio management, and collections. Madhavan's career includes notable stints at several prominent financial institutions:

• Over 7 years at Jana Small Finance Bank (previous tenure)
• A brief period at Kinara Capital from April 2025
• Prior experience with Bajaj Finance Limited, ABN Amro, and HDFC Bank

Strategic Appointment

The bank's decision to bring Madhavan back into its fold as President & Head Strategic Alliance underscores the importance of his role in the organization's future plans. His extensive experience and familiarity with Jana Small Finance Bank's operations are likely to be valuable assets as the bank navigates the competitive landscape of small finance banking in India.

Regulatory Compliance

In line with regulatory requirements, Jana Small Finance Bank has made the necessary disclosures regarding Madhavan's appointment to the National Stock Exchange of India Ltd. and BSE Limited. The bank has complied with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing detailed information about the appointment.

Looking Ahead

As Jana Small Finance Bank strengthens its leadership team, the addition of Sudhir Madhavan is expected to contribute to the bank's strategic initiatives and growth plans. His return to the bank after a brief stint elsewhere suggests a strong alignment between Madhavan's expertise and the bank's vision for its future direction in the small finance banking sector.

The appointment of Sudhir Madhavan comes at a time when Jana Small Finance Bank is preparing for its upcoming board meeting on October 17, 2025, where the bank will consider and approve its unaudited financial results for the quarter and half-year ended September 30, 2025. This timing indicates that Madhavan may play a crucial role in shaping the bank's strategies as it moves into the latter half of the fiscal year.